ASICMINER: Entering the Future of ASIC Mining by Inventing It

[bones]

Looks like " Hashie " cloud mining is selling AMhash now too, good news.

[elasticband]

Looks like " Hashie " cloud mining is selling AMhash now too, good news.

so basically they probably bought 100-200TH from AM at a slightly discounted price and are now selling it at amhash2 ipo price....

[stompysteve]

Looks like " Hashie " cloud mining is selling AMhash now too, good news.

so basically they probably bought 100-200TH from AM at a slightly discounted price and are now selling it at amhash2 ipo price....

They normally don't give big price breaks on stuff for bulk I don't think this is the case.

[arnuschky]

I haven't found any reports of AM hardware catching fire. Not in hardware threads either. KfC however....thier chips catch fire occasionally, that is if you actually receive them (preorders from 3 months ago are just being produced, not even shipped yet)

check in CrazyGuy group buy thread. There are several examples of prisms catching fire

I checked, and there are some cases. The majority seem like just a blown cap or similar component failure, with some surrounding damage. But there seems to be at least one case of a real fire. Seems they have some problems with the design of the prism.

[hdbuck]

I haven't found any reports of AM hardware catching fire. Not in hardware threads either. KfC however....thier chips catch fire occasionally, that is if you actually receive them (preorders from 3 months ago are just being produced, not even shipped yet)

check in CrazyGuy group buy thread. There are several examples of prisms catching fire

I checked, and there are some cases. The majority seem like just a blown cap or similar component failure, with some surrounding damage. But there seems to be at least one case of a real fire. Seems they have some problems with the design of the prism.

this matter has also been covered by FC in his last update. BE200 failed. thats it.

[Fordee]

I haven't found any reports of AM hardware catching fire. Not in hardware threads either. KfC however....thier chips catch fire occasionally, that is if you actually receive them (preorders from 3 months ago are just being produced, not even shipped yet)

check in CrazyGuy group buy thread. There are several examples of prisms catching fire

I checked, and there are some cases. The majority seem like just a blown cap or similar component failure, with some surrounding damage. But there seems to be at least one case of a real fire. Seems they have some problems with the design of the prism.

this matter has also been covered by FC in his last update. BE200 failed. thats it.

Specificly, there were packaging issues that caused the chips to pop.. the actual chip design for BE200, athough with power/efficency issues, was not a 'failure'.

[ninjarobot]

FYI: http://www.coindesk.com/chinese-bitcoin-mining-firms-transparency-push/

A consortium of major Chinese bitcoin mining firms including ASICMiner, Gridseed, Rockminer, XBTec and ZeusMiner has pledged to be more transparent in its operations, specifically on the source of cloud mining payouts.

[RoadStress]

FYI: http://www.coindesk.com/chinese-bitcoin-mining-firms-transparency-push/

A consortium of major Chinese bitcoin mining firms including ASICMiner, Gridseed, Rockminer, XBTec and ZeusMiner has pledged to be more transparent in its operations, specifically on the source of cloud mining payouts.

I am still waiting for transparency of the self mining that started this July...

[tsm13]

are you really that dumb or is it just an act? The mining addresses have been public for god knows how long. I can't even be bothered to search the thread to find them.

You put up this big fight about 'woe is me everyone is picking on me because I have an opinion' and then you spout out 2 year old shit, and expect to be treated well....

As per past opinion, why anyone would support SP is beyond me and my ethical opinions.

[stompysteve]

are you really that dumb or is it just an act? The mining addresses have been public for god knows how long. I can't even be bothered to search the thread to find them.

You put up this big fight about 'woe is me everyone is picking on me because I have an opinion' and then you spout out 2 year old shit, and expect to be treated well....

As per past opinion, why anyone would support SP is beyond me and my ethical opinions.

theres three address's provided on AMhash OP post....cmon now

[gogxmagog]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

[hdbuck]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

what he said.



or else im gonna start dumping. getting tired of this charade.

[Whtwabbit]

As far as anyone here knows every btc mined goes into building some side business owned by friends of FC.

Oh yeah, and the government has all our phones tapped. Oh wait...

[Jutarul]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.
d) the good news is that the company is alive and kicking. Based on my assessment they have a solid product and new stuff in the pipeline, which should allow the company to generate revenues to sustain growth. The biggest advantage of AM is its focus on cost competitiveness and solid relationships with suppliers, which allows them to grow the company organically. The bad news is that a lot of opportunity got lost in FY14 and supply chain and product problems prevented AM from generating the expected profit margins. That said FY14 has been a bad year for most companies in the mining space, and thus AM is not a particular exception.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.
f) The low valuation of AM has not gone unnoticed. While valuation is currently not an impediment to AM's business, it is recognized as a weakness and may have to be dealt with appropriately at a future point in time.

[hdbuck]

^awesome

thank you so much man.

[chairforce1]

It is always nice when Jutarul comes over.

[Swordsoffreedom]

I am going to make a pre-announcement to serve some open questions.
a) financials statements are currently in preparation and start getting processed next week. Dependent on how long the accountant needs, the financial statements should be accessible shortly after
b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.
e) AM has enough funding to stay in business independent of BTC valuation for a considerable amount of time.

Thanks for the update jutarul
It's been a while so some sort of communication is nice
Will sit on the sidelines a bit longer but observing again ^^

[tsm13]

b) FC has committed to making a dividend payment soon to clear OTC and provide a new public checkpoint for shareholder balances.

Thaaaarrrr she bloowwwwwws!

[jdany]

I want more than mining addresses. I think every AM holder is way past due waiting for proper financials. Some high minded and offial-sounding promises and a bit of proof of mining is not enough. Where are all the mined coins going? As far as anyone here knows every btc mined goes into building some side business owned by friends of FC. We have no proof otherwise.
Let's see the accounts! This is WAAAAAY overdue!

You know, and I am a believer in AM ffs. The longer a proper accounting is with held the angrier I get. When I get angry I move to light fires under asses to get fools moving. You can't blame me, the financial position of AM is a total mystery, has been for far too long, any news that does come is inconsequential, late, or disappointing. But good or bad investors want a complete picture which is not being offered and there is no excuse. It just Looks fucking bad! Smarten up ffs!!!

what he said.



or else im gonna start dumping. getting tired of this charade.

I consider hdbuck a pretty rational guy.
I also would consider him a pretty good advocate and ally of AM.
So, it's clear sentiment and patience is waning. 

[jdany]

c) The need for a better information handling with shareholders is being recognized and it's been suggested to prepare a dedicated website to handle company matters. It's part of an internal restructuring effort. I'll let the responsible person provide more details, but I assume that suggestions from shareholders on the best way to implement it (e.g. forum, realtime chat room, ticket systems) are welcome.

Is there a person selected already - or is there a search still underway?